Shares of People's United Financial, Inc. (NASDAQ:PBCT) have received an average rating of “Hold” from the eight research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $19.29.

Several research firms have weighed in on PBCT. Zacks Investment Research upgraded People's United Financial from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Wednesday, November 1st. Barclays increased their price objective on People's United Financial from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 2nd. Piper Jaffray Companies reiterated a “sell” rating and set a $17.00 price objective on shares of People's United Financial in a research report on Sunday, October 22nd. Finally, BidaskClub cut People's United Financial from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th.

People's United Financial (NASDAQ PBCT) traded up $0.65 on Friday, reaching $20.08. The company had a trading volume of 6,000,000 shares, compared to its average volume of 2,590,000. People's United Financial has a twelve month low of $15.97 and a twelve month high of $20.12. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.72. The company has a market cap of $6,950.00, a PE ratio of 22.07, a PEG ratio of 7.91 and a beta of 0.85.

People's United Financial (NASDAQ:PBCT) last posted its quarterly earnings results on Thursday, January 18th. The bank reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. People's United Financial had a return on equity of 6.28% and a net margin of 19.32%. The business had revenue of $379.60 million for the quarter, compared to analysts’ expectations of $392.70 million. During the same quarter in the prior year, the business earned $0.25 EPS. analysts predict that People's United Financial will post 1 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be given a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Wednesday, January 31st. People's United Financial’s payout ratio is 75.82%.

In related news, insider Sara M. Longobardi sold 43,450 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $18.68, for a total value of $811,646.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey J. Tengel sold 173,685 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $19.32, for a total value of $3,355,594.20. The disclosure for this sale can be found here. Insiders sold 724,338 shares of company stock worth $13,796,084 in the last 90 days. 2.70% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC increased its position in shares of People's United Financial by 3.0% in the second quarter. Advisory Services Network LLC now owns 7,757 shares of the bank’s stock worth $137,000 after purchasing an additional 226 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of People's United Financial by 1,408.7% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 7,996 shares of the bank’s stock worth $145,000 after purchasing an additional 7,466 shares during the period. Federated Investors Inc. PA increased its position in shares of People's United Financial by 0.8% in the second quarter. Federated Investors Inc. PA now owns 9,678 shares of the bank’s stock worth $171,000 after purchasing an additional 80 shares during the period. Intl Fcstone Inc. bought a new position in shares of People's United Financial in the second quarter worth $185,000. Finally, Franklin Resources Inc. bought a new position in shares of People's United Financial in the second quarter worth $193,000. Institutional investors own 75.52% of the company’s stock.

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About People's United Financial

People’s United Financial, Inc is a bank holding company and a financial holding company of People’s United Bank (the Bank). The Bank is engaged in providing commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. The Company operates through two segments: Commercial Banking and Retail Banking.

Analyst Recommendations for People's United Financial (NASDAQ:PBCT)

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